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Brazil
11.09.22 13:28
Economics

Brazil expects 6.2% grain harvest growth in 2022

Current estimate for total grain production this season is 271.4 million tonnes

As a result of Brazil's outstanding crop performance, the current estimate for total cereal production this season is 271.4 million tonnes, up 6.2% on the 2020/21 crop, i.e. 15.9 million tonnes. This is reported on the official website of the Brazilian government.

Maize producers are expected to harvest 87.4 million tonnes of the second crop in the 2021/22 season. This year's planted area is 79%. Compared to the previous cycle, production growth has reached 44%.

Dry weather in Brazil's crop regions has had a positive effect on cotton quality. A harvest of 2.74 million tonnes of cotton lint is expected, up 16% on the previous harvest.

Despite periodic climatic fluctuations, bean production should be around 1.36 million tonnes, up 19.5% on the previous season. With the third harvest, total grain production will approach 3 million tonnes.

Record wheat production is estimated at 9.2 million tonnes, up 19.3% on last year. First-crop soybean and rice production will reach 124 million tonnes and 10.8 million tonnes, respectively. Soybean oil exports are also expected to rise to 2.1 million tonnes.

Photo: unsplash.com

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